The US-based Overseas Private Investment Corporation (OPIC) has approved $185m for two solar power projects in Peru.
Both facilities will have a 20 MW capacity and private equity business Conduit Capital Partners will distribute funds for their construction.
Elizabeth Littlefield, president and CEO of OPIC, said, ‘The Peruvian government, in partnership with the private sector, continues to make great strides in bringing electricity to the majority of its population.
‘This project will enable Peru to take advantage of its great solar potential in order to increase energy access in rural, poorer areas where the need is greatest.’
OPIC has recently approved a similar renewable project, worth $250m for India.
For more solar power news